A logistics and warehousing company has doubled its South Tyneside footprint
3Sixty 3pl Ltd has taken on a 31,000 sq ft warehouse at Waldridge Way, adjacent to its existing headquarters, alongside 10,000 sq ft of open space.
The move, which follows the snapping up of the former Pennguin warehouse on Simonside Industrial Estate earlier this year, takes the firm’s capacity beyond 71,000 sq ft.
The business was established in 2022 by directors Anthony Hood and Craig Cotterill. Since then it has secured customers including Nissan suppliers and General Electric (G.E.).
Hood said: “We knew prior to setting up the business that there was a real demand for storage and handling provision for companies operating in the manufacturing and energy sectors but even we’ve been taken aback by just how much the company has grown.
“In just two and a half years we’ve grown rapidly, handling and storing over 1,000 items for G.E. and landing contracts with major suppliers to Nissan’s Sunderland plant.”
He added: “This latest investment however is a real statement of intent. Prior to setting up the business, Craig and I worked together at Port of Tyne and we always said that, when we set up, we would love nothing more than to continue supporting the local economy, and through this expansion we’re doing just that.
“It will see us create jobs for local people, procure more products and services from local suppliers and even more importantly, it will ensure we can continue to sustain the supply chains underpinning some of the region’s most significant developments.”
The expansion was supported with a business growth grant from Invest South Tyneside.
Cotterill said: “While we knew we needed to upsize, we were also aware that we would need to purchase equipment such as new racking and handling equipment, which meant the outlay would’ve been much more than what was required to just secure the property.
“The grant however allowed us to minimise the risk of making the investment by ensuring that, as soon as we got the keys, we were ready to hit the ground running and be operational.”
https://couriernews.co.uk/blog/logistics-firm-to-create-jobs/